HDFC Bank plans to buy back bonds from HDFC Limited and replace them with new infrastructure bonds to reduce interest costs. The proposal requires approval from the Reserve Bank of India.
Indian equities are likely to take cues from a slew of domestic and global factors this week, including India’s first-quarter GDP data, US jobs numbers,
Veteran portfolio manager Paul Black’s investment framework focuses on identifying businesses with competitive advantages that strengthen over time. His three key rules emphasise widening moats,
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